LEGAL UNDERPINNINGS OF BUSINESS LAW1Legal Underpinnings of Business LawTristan S. LawrenceBUS:670Instructor: Peter McCannSubmitted: January 20, 2013Write a 3,000-word essay analyzing the different legal structures for starting a business,including sole proprietorship, general partnership, limited partnership, LLC, and corporation.Discuss the advantages and disadvantages of each structure, particularly in terms of liability andtax implications. Use the case study of Tinker & Tailor’s Home Security Services to illustratehow different structures impact liability exposure and business operations. Conclude byrecommending the most suitable legal structure for a nursing care facility, consideringmalpractice risks and personal asset protection.
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